Notice of public hearing on the issuance of health care facilities revenue refunding obligations
to refinance projects by Opportunity Matters
Notice is hereby given the City Council of the City of St. Joseph, Minn. (the “City”) will meet at the City Hall, 25 College Ave. N. in the City, at 7 p.m. Thursday, Feb. 7, 2013 to consider giving host approval to the issuance by the City of Sartell, Minn. (“Issuer”) of a revenue obligation, in one or more series, under Minnesota Statutes, Sections 469.152 through 469.1651 (the “Act”), in order to finance the cost of a project located in the City.
Opportunity Matters Inc., f/k/a Opportunity Manor Inc., a Minnesota nonprofit corporation and 501(c)(3) organization (collectively, the “Borrower”), proposes to refinance (a) the outstanding principal amount of the City of Sauk Rapids, Minn. $1,400,000 Health Care Facilities Revenue Note, Series 2001 (Opportunity Manor Project), the proceeds of which were used, in part, to refinance and renovate Borrower’s group housing facilities for disabled persons located at 13-12th Ave. SE in the City (the “St. Joseph Facility”) and 1311-13th Ave. SE, 861-17th Ave. N., 930 Cory Lane, 926 Cory Lane, 902 Gloria Drive,and 1708- 7th St. SE in the City of St. Cloud, Minn. (“St. Cloud”) (the “St. Cloud Facilities”, and together with the St. Joseph Facility, the “2001 Facilities”), (b) the outstanding principal amount of a taxable obligation issued Jan. 24, 2003, to finance the construction of a group housing facility located at 808 NE 2nd Ave.in the City of Sartell, Minn.(the “Sartell FNMA Facility”), (c) the outstanding principal amount of a taxable obligation issued March 1, 2004, to finance the construction of a group housing facility located at 1712 27th St. SE in St. Cloud (the “St. Cloud 1712 FNMA Facility”), (d) refinance the outstanding principal amount of a taxable obligation issued April 1, 2004, to finance the construction of group housing facility located at 2708 18th Ave. SE in St. Cloud (the “St. Cloud 2708 FNMA Facility,” and together with the St. Cloud 1712 FNMA Facility, the “St. Cloud FNMA Facilities”), and (e) refinance the outstanding principal amount of a taxable obligation issued Oct.16, 2006, to finance the construction of a group housing facility located at 601 Birch St. in the City (the “St. Joseph FNMA Facility”, and together with the Sartell FNMA Facility and the St. Cloud FNMA Facilities, the “FNMA Facilities”). The 2001 Facilities and the FNMA Facilities (collectively, the “Project”) are owned and operated by the Borrower.
The maximum estimated principal amount of the Note to be issued to finance the Project is $1,250,000.
The note or other obligation, as and when issued, will not constitute a charge, lien or encumbrance upon any property of the City and such obligation will not be a charge against the general credit or taxing powers of the City but will be payable from sums to be paid by the Borrower pursuant to a revenue agreement.
At the time and place fixed for the Public Hearing, the City Council will give all persons who appear at the hearing an opportunity to express their views with respect to the proposal. Written comments will be considered if submitted at the above City office on or before the date of the hearing.
Publish: Jan. 18, 2013
Notice of Public Hearing on Proposed Application
for Community Development Block Grant( CDBG) Funding
To Whom It May Concern:
NOTICE IS HEREBY GIVEN, that the City Council of St. Joseph, Minn. will meet in Council Chambers of the St. Joseph City Hall, located at 25 College Ave. N., St. Joseph, MN 56374, at 7:15 p.m. Feb. 7, 2013, thereby dedicating a portion of their regular monthly meeting to identify community development and housing needs, including the needs of very low and low-income persons, as well as other needs of the community that might be addressed through the Community Development Block Grant( CDBG) program. The public hearing will include a review of the proposed CDBG activities, their benefiting location(s), overall cost and proposed financing, and the implementation schedule. Citizens will be provided the opportunity to comment upon the original Citizen Participation Plan and on substantial amendments to it, or to the activities for which CDBG funds will be used. Information and records regarding the proposed and past use of CDBG funds will be available at the St. Joseph City Hall during regular business hours.
Dated this 14th day of January, 2013.
Judy Weyrens, City Administrator
Publish: Jan. 18, 2013